Bond Destruction, Banking Waste and the Tilt Toward CBDC

March 31, 2023

In this extensive and now English-translated, interview with Jan Kneist of Investor Talk, Matterhorn Asset Management principal, Matthew Piepenburg, addresses the critical themes of the ongoing banking crisis. In this substantive, 21-minute conversation, Piepenburg squarely addresses the ripple effects and larger implications of the current banking crisis, namely:

1) its bond crisis origins;

2) the ultimate pretext for (and direction toward) political and financial centralization culminating in CBDC;

3) increasing consolidation away from the smaller banks toward larger banks;

4) the nearly inconceivable waste behind the Credit Suisse bailout;

5) the percolating and equally inconceivable dangers within the derivative markets;

6) the collapse of trust in the USD as evidenced by the rise of the BRICS; and, of course,

7) the growing importance and role of gold in a world heading inevitably toward more centralized controls and currencies.

As Piepenburg has warned and repeated throughout 2022 and 2023, all debt-soaked systems inevitably resort to desperate measures and greater controls, of which currency debasement and increased centralization, symbolized by the drift toward CBDC, is no surprise or exaggeration.

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Matt began his finance career as a transactional attorney before launching his first hedge fund during the NASDAQ bubble of 1999-2001

Thereafter, he began investing his own and other HNW family funds into alternative investment vehicles while operating as a General Counsel, CIO and later Managing Director of a single and multi-family office. Matthew worked closely as well with Morgan Stanley’s hedge fund platform in building a multi-strat/multi-manager fund to better manage risk in a market backdrop of extreme central bank intervention/support. The conviction that precious metals provides the most reliable and longer-term protection against potential systemic risk led Matt to join VON GREYERZ.

The author of the Amazon No#1 Release, Rigged to Fail, Matt is fluent in French, German and English; he is a graduate of Brown (BA), Harvard (MA) and the University of Michigan (JD). His widely respected reports on macro conditions and the changing behaviour of risk assets are published regularly at

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